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Tue Feb 5, 2013, 05:50 AM

Venezuela Foreign Minister Jaua in China For More Loans as Shortages Bite at Home

Venezuela Foreign Minister Elías Jaua Milano is in Beijing holding meetings with his counterpart of the People's Republic of China, Yang Jiechi, as well as Senior Communist Party of China (CPC) leader Yu Zhengsheng, seeking further loans as shortages of goods caused by a lack of foreign currency as well as price controls continue to frustrate consumers in the oil rich Latin American nation.

CARACAS -- Venezuela Foreign Minister Elías Jaua Milano is in Beijing holding meetings with his counterpart of the People's Republic of China, Yang Jiechi, as well as Senior Communist Party of China (CPC) leader Yu Zhengsheng, seeking further loans as shortages of goods caused by a lack of foreign currency as well as price controls continue to frustrate consumers in the oil rich Latin American nation.

There have been no announcements of new loans after days of meetings, though both sides have noted that they will continue strengthening bilateral relations.

Yang reaffirmed the decision of the Asian giant to ensure the cooperation of highest level, under the guidelines of the Presidents Hu Jintao and Hugo Chávez.

More at http://www.laht.com/article.asp?ArticleId=669461&CategoryId=10717 .

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